NNN Construction Loans
Flexible Triple Net Lease Construction Financing
Marabella Commercial Finance leads the way in originating Construction Financing for Net Leased credit tenants. Our Lending Sources have many financing options available for borrowers seeking to obtain the nessessary funding for development of single and multi-tenant commercial net lease projects.
Available terms and rates will vary depending upon the project’s tenant, anchor tenants in the surrounding area, the geographic location of the project as well as the experience of the developer or borrower with other net lease construction projects. Marabella will help determine a loan that is right for the specific need of the borrower’s project. A Borrower who is seeking construction financing can expect a max Loan To Cost of approximately 80% to 100% and a max loan to value of 80% whichever is less. Most of our Direct Lenders underwrite to a take out loan and utilize a 100% to 115% minimum Debt Service Coverage Ratio. A 12 to 24 month construction loan can be tailored for our clients and rates vary between 7.50% to 8.00% depending on which Direct Lender we source the construction loan.
We’re pleased to answer any questions you may have regarding NNN Construction Loans and review your project in consideration of the specific needs today’s Lending Sources have. If you or an associate require Construction Financing for a net lease development, please call our offices at (760) 479-0800 or send us your property and contact information using the form to the right. We make every effort to reply the same business day.